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Applicants seeking registration as stock brokers or clearing members from SEBI will be issued one certificate of registration irrespective of the number of stock exchanges/ clearing corporations or number of segments that entity wishes to be a part of. A SEBI circular on Tuesday said applicants have to apply to SEBI through respective stock exchanges or clearing corporations.
Earlier, brokers/clearing members received separate certificates for different exchanges/ clearing corporations and within these separate certificates for different segments (equities, debt, currency and derivatives).
Brokers/ clearing members of one exchange/ clearing corporation wanting to register with another exchange/ clearing corporation can directly apply for approval to the concerned stock exchange/ clearing corporation.
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